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2022 (3) TMI 567 - ITAT DELHIExemption u/s 11 - Assessment of trust - denial of claim as application of income on account of provisions for doubtful debts - HELD THAT:- We find that CIT(A) after considering the submissions of the assessee has given a finding that the provision made by the assessee was ascertained and quantified and the provision was made in furtherance of the objectives of the trust. He further relying on the decision in the case of NASSCOM [2012 (5) TMI 204 - DELHI HIGH COURT] held that the income for application for charitable purpose is to be computed in accordance with the commercial principles. Before us, Revenue has not placed any contrary binding decision in its support nor has pointed to any fallacy in the findings of CIT(A). In such a situation, we find no reason to interfere with the order of CIT(A). Thus the grounds of the Revenue are dismissed.
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